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Author Question: If taxes are owed and extension to pay the estate tax may be granted by the IRS for a 12-month ... (Read 53 times)

Chelseaamend

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Question 1

If property is passing to a surviving spouse as the outright owner, it automatically qualifies under this tenant of the estate tax marital deduction and is not taxed:


◦ Disclaimer clause
◦ Marital clause
◦ Inter vivos clause
◦ Qualified Terminable Interest Property

Question 2

If taxes are owed and extension to pay the estate tax may be granted by the IRS for a 12-month period for a reasonable clause. This is an example of:


◦ Disclaimer clause
◦ Post-mortem estate planning
◦ Qualified Terminable Interest Property
◦ Internal Revenue Code 26 U.S.C.


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Marked as best answer by Chelseaamend on Mar 2, 2019

tranoy

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Chelseaamend

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Reply 2 on: Mar 2, 2019
Excellent


FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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